EuroPrime Review (2023)

What is EuroPrime?

EuroPrime claims to be an industry leading online trading platform, specializing in stocks, commodities, indices, CFDs and currencies. Euro Prime commits to provide its traders with world-class customer support, maximum security of funds, updated educational resources, attractive trading instruments, innovative technology, and deep liquidity. They offer a unique and fully transparent trading model which guarantees best price execution.

Is EuroPrime legit or a scam?

EuroPrime is operated by IOS Investments Limited, a Belize investment firm, authorised and regulated by the International Financial Services Commission of Belize with license number 000349/173. 

Belize as a gorgeous tourist destination, while also is a tax haven with a zero tax structure that established its own regulation for financial investment and Forex firms licensing due to high demand and necessity of regulation. Ever since Belize became a known offshore zone and Forex hub, the destination attracted thousands of brokerages seeking an opportunity to be a legitimate firm, yet to skip complicated and costly established procedures. We have a detailed article explaining the risk of trading with brokers from Belize.

For that reason, it is considered much safer to trade with regulated brokers only, not the ones that are based in offshore zones and comply with none of the standards. And this is the case of EuroPrime, which is located in Belize named as a European company while can’t deliver its services within the EU.

EuroPrime in India

EuroPrime has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading is actually prohibited in India. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.

EuroPrime in the USA

The United States is one of the countries that is not accepted by EuroPrime. As per the U.S law, brokers regulated by CFTC are the only brokers allowed for the USA traders. So, except for EuroPrime, you are only permitted to trade with the U.S regulated platforms.

Deposits & Withdrawals

The minimum deposit is 500$.

There are no fees involved with registering, opening or closing an account with Euro Prime.

Apps

The broker offers a SIRIX Mobile trading app. SIRIX Mobile/Tablet enables you to trade on-the-go and receive all high-end web features, wrapped up in a sharp and elegant interface, easy to operate and fast to respond. SIRIX mobile app hands you a comprehensive and detailed information on market factors, charts, events and financial trends, presented within a clean-cut visibility & operative relevancy.  SIRIX WEB in a modular app, enabling you to access your account status, open/close positions, track your trades & balance, follow current trends, monitor market movements and perform respectively to control your investment execution.

Demo Account

EuroPrime does not provide a demo account.

Conclusion

Despite an attractive offering to trade various instruments with competitive pricing, we do not advise to keep contact or invest with EuroPrime. In addition, the traders confirmed by their negative experience our concerns and found the broker’s lack of obligations towards withdrawals and reliability of the trading environment.

As we always say, the offshore firms should be avoided at any cost, as it is at highest risk to fall under scam or to be misled by unprofessional or even fraud offering. Therefore, EuroPrime’s “attractive” offering may be just a sweet promise of something you never get. Moreover, as the EuroPrime does not hold a trusted license from the reputable authority and is not permitted to operate in European or their markets, the EuroPrime received its warning from an EU regulator.

We advise all investors and traders to avoid EuroPrime and other brokers from Belize. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and HotForex.

You can also share your trading experience with EuroPrime by commenting on this review.